Recently, someone was talking about LST and re-staking, and honestly, the returns are not just falling from the sky: part of it is the rewards from the underlying staking, and another part is often "selling your security"—dividing the same collateral to back other protocols. I can probably understand where the money comes from, but I’m more worried about where the risks might emerge: smart contracts, malicious operators, liquidation/unstaking, and when the chain is too congested and you want to run but can't... Seeing gas prices spike makes me more cautious.

The kind of inflation + studio + coin price spiral in chain games also reminds me: once the profits mainly rely on new funds and sentiment, it will eventually become unsustainable. To avoid impulsive trades, I usually first close my wallet, review records of large transfers and contract interactions, wait half an hour, and then come back. If I still want to trade, I’ll only make a small, "sleep-well" position for now. That’s how I handle it.